Does a GEM e2 Hold its Value?

electrictransport
electrictransport

There is no doubt that as the electric car market continues to grow, we are seeing a more fluid second-hand electric car market and there are some very interesting comments on the forum with regards to the value of second-hand GEM e2s. While the offer that a garage or a private individual may make for your electric car will vary from person to person, country to country, and state to state, there are a number of concerns about whether the electric car of today does in fact hold its value very well. One member of the electricforum.com acquired a second-hand GEM e2 in early 2011 for $10,000 and was shocked to learn that a potential trade-in during 2013 might only attracted an offer of $3,000 from the company through which he originally acquired the vehicle! This has prompted the question as to whether electric cars do hold their value in the second-hand market, although there is some concern as to whether the dealers are potentially using confusion about the value of second-hand electric cars to their benefit.

Is my GEM e2 really only worth $3000?

The member of the forum who posted about a sale of a second-hand GEM e2 followed up on his original comments to confirm that the car company who made in the "derisory" offer called back just a few days later to offer him $4,000. At this moment in time it seems as though a deal has not been done as he was looking for around $4,500, but what is the real value of the vehicle?

The problem with going to a trade dealer is the fact that they have their own ongoing business costs, they need to make a profit, and they will have various taxes to take into consideration. Some members of the former have commented that car dealers will pay "as little as possible" in order to sell on for the biggest profit, but in reality this is just business. If you're prepared to take a relatively small amount for your vehicle then who is in the wrong? We all need to do more research on second-hand electric car prices before we even contemplate upgrading our vehicles.

Is the GEM e2 too old now?

The speed at which the electric car market continues to grow, develop, and change, is breathtaking to say the least. There are some concept cars in the public domain today which are utterly amazing and put the original electric car such as the GEM e2 very much in the shade. However, as more and more people look to put their toe in the water of the electric car market, there will be increased interest in relatively "old" vehicles and indeed many who have acquired a GEM e2 for example in the past may be interested in a second-hand vehicle in the future.

There have also been comments regarding the look and feel of the GEM e2, for example, and the fact that this may only be attractive at this moment in time to fans of the GEM electric car range. This point of contention is debatable because the GEM e2 vehicle may have been one of the earlier models and may look a little outdated compared to the current models, but it has a proven track record and is very reliable. In this day and age reliability is a major factor when acquiring any products and especially electric cars.

Conclusion

There is some discussion about electric cars and whether they do hold their value in the second-hand market but the reality is that some confusion and perhaps a lack of demand, compared to traditional fuel vehicles, have impacted prices. It is debatable as to whether car traders in the U.S., and indeed around the world, are using this particular issue to feather their own nests but unless you do your research about second-hand car prices and have a figure in mind, a realistic figure, you may well be disappointed and potentially take a deal which undervalues your vehicle. As the second-hand electric car market continues to grow, interest increases, and newer electric car models become more expensive and more technologically advanced, there is every chance that electric cars of the future will hold their price better in the second-hand market.